Millfields Cam Plots 1 2

JUST RELEASED

JUST RELEASED

Millfields, Cam, 3 Bedroom -Semi - Detached

3 bedroom semi-detached house
Tenure type: Available for Shared Ownership

3 bedrooms

2 bathrooms

3 Bedroom Semi Detached House - Available Now

buy from £138,000

Or call our sales team on 0333 200 7304

Millfields, Cam, 3 Bedroom -Semi - Detached

3 bedroom semi-detached house
Tenure type: Available for Shared Ownership

3 bedrooms

2 bathrooms

3 Bedroom Semi Detached House - Available Now

buy from £138,000

Or call our sales team on 0333 200 7304

Features

  • Gas central heating
  • Double glazed windows
  • Modern fitted kitchen
  • Allocated parking
  • Downstairs W/C
  • Family bathroom with shower over bath
  • Turfed rear garden
  • Vinyl flooring through kitchen/bathroom
  • Available plot numbers: 1, 2
  • Off Street Parking; 2 spaces

Tenure

Available for Shared Ownership

Part of the Millfields, Cam development

Property Brochure

Check your affordability

Use the Shared Ownership mortgage calculator to estimate the cost of buying this home

The Development

The Millfields development is ideally situated in the village of Cam, on the edge of the Cotswolds which is an Area of Outstanding Natural Beauty.

There are a range of nearby amenities in this semi-rural location, including supermarkets, petrol station, pubs and a garage. Tesco Superstore is a mile away, whilst the popular Gloucester Quays Outlet is only 13 miles away with a variety of designer and High Street shops. Cam is an ideal location for families, with a selection of pre-schools, primary schools and high schools in the local area. There are also numerous parks and leisure centres nearby.

Cam is within easy driving distance of other Cotswolds towns, and is ideal for commuters as is within easy access of the M5 motorway, as well as Cam and Dursley Train Station.

The Properties

Plots 1 & 2 - These 3 bedroom properties briefly comprise of an Entrance Hall, Living Room, WC, Under-stairs Storage and a Kitchen/Dining Room to the rear of the property.  To the first floor, there is a family bathroom, three good sized bedrooms, one including built-in storage and another featuring an en-suite shower room.  Additional benefits include private driveways and an enclosed rear garden.

 

Council Tax TBC – due to these properties being new builds and not being previously occupied the council tax and banding has not yet been set.

 

Service Charge – A service charge will be charged against the property and is paid monthly with your rent payment.  The service charge is reviewed on an annual basis on April 1st.  This will include Buildings insurance, management and any communal/estate charges that may be covered (if applicable).Please note, there will be an additional management company fee of which the charge will be advised upon request.

The service charge displayed is estimated based on the initial assessment of the scheme. Please contact the Sales Consultant for details.

 

Ground Rent – Not applicable

 

Homes England Key Information Document – please download and read through our key information document for this property. This will include pricing details, eligibility and some lease information.

NEXT STEPS:

1. For further information, please download our brochure below.

2. TO APPLY NOW, Please register with Help to Buy South for Shared Ownership.

3. Then send your approved Help to Buy Application form or reference number to the Sales Team.

4. Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you.

5. Once you have passed the affordability assessment, we will then be in contact to confirm the availability.

6. If there is a suitable property we will then issue out your offer letter and advice on how to pay your £250.00 reservation fee for your new home.

Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time, you can purchase more shares in your property – this is known as ‘staircasing’. This can be done at any time after initial purchase and it will reduce the amount of rent you pay, as the share of the home that you do not own will have got smaller.

We will offer shares between 25-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area.

For more detailed information and your obligations in relation to shared ownership please download our ‘Guide to Shared Ownership’

Am I eligible?

Shared Ownership uses the following criteria to help people to get onto the property ladder:

- Maximum annual household income of £80,000.

- Unable to purchase a home suitable for your needs.

*Please note some images should be used as a guide only

 

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% SharePriceMonthly Rent
35%£120,750£513.91
40%£138,000£474.38
45%£155,250£434.84
50%£172,500£395.31
55%£189,750£355.78
60%£207,000£316.25
65%£224,250£276.72
70%£241,500£237.19
75%£258,750£197.66

Struggling to save for a deposit?

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KID1 Document